27 Apr 2006
FELTON AND ORS V JOHNSON SC 62/2005
- Citation
- FELTON AND ORS V JOHNSON SC 62/2005
- Court
- Supreme Court
s47(2) imposes a two year limitation period during which a transaction that unintentionally defeats creditors is void against creditors only if a creditor elects to challenge it within that period; because the franchisee creditors did not take any such step within two years their challenge under s47(2) failed and the appeal was dismissed.